logo
logo
Sign in

Power Device Analyzer Market Growth, Industry Trends and Statistics by 2027

avatar
MarketsandMarkets™
Power Device Analyzer Market Growth, Industry Trends and Statistics by 2027

According to the new market research report, The power device analyzer market is expected to grow from an estimated USD 470 million in 2022 to USD 600 million by 2027, at a CAGR of 5.0% during the forecast period. The global power device analyzer market is expected to witness significant growth during the forecast period due to the rising focus on energy savings and increasing adoption of power efficient devices across various industries.


Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=259267665


The power device analyzer market is expected to be dominated by Both AC and DC segment, by type, during the forecast period.


In the power device analyzer market, by type, in 2021 the Both AC & DC type segment accounted for the greatest share of 78%. This is due to the increasing government mandates and initiatives for implementing energy audits. The growing demand for Electric Vehicles and the growing market for Internet of Things are also positively influencing the growth of both AC & DC type segment. Furthermore, the increasing energy audits and mandates from governments globally is likely to boost the demand for power analyzers.


The power device analyzer market is expected to be dominated by the below 1000A current segment, by current, during the forecast period.


In the power device analyzer market, by type, in 2021 the below 1000A segment accounted for the greatest share of 67%. Most of the projects are taken in the below 1000A segment, and it is used in various end use industries such as Energy, Automotive, aerospace & defense, healthcare equipment manufacturing, and wireless communication. Products such as PWM Inverters, high frequency power electronics, AC/DC converters, Solar arrays and UPS widely used in automotive and energy industries requires power device analyzers for the purpose of testing the quality of the power supplied and other parameters which are related to power supply. Some of the major products used in the automotive and energy sectors are PWM Inverters, AC/DC converters, solar arrays, UPS (uninterrupted power supply), and high frequency power electronics. These products need power device analyzers for testing the quality of power supplied and various other parameters related to power supply.


The power device analyzer market is expected to be dominated by the automotive segment, by end user, during the forecast period.


Among the end use industries, the automotive segment accounts to have the largest share of 21% in the estimated year 2022 in the power device analyzer market. Consumer electronics and appliances account for the second largest share of the power device analyzer market with 19.8% in the same estimated year of 2022. Power analyzers are widely used for testing power electronics, power supplies, inverters, motors and drives, home appliances, lighting, office equipment and industrial machinery by measuring many aspects of electrical power. The increased demand for Electric Vehicles in the automotive sector has increased the installation of power device analyzers in this sector as it is used in various applications such as testing of the components like electric motors, navigation systems, battery management systems and electrical charging systems to ensure the quality, safety, and reliability of automotive systems. Presently China, Japan, and South Korea dominate the Electric Vehicles market.


Ask Sample pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=259267665


The power device analyzer market is expected to be dominated by Asia Pacific region has it is having a strong demand for power device analyzer.


Power device analyzers are progressively being deployed in North America and Asia-Pacific, and the market is expanding rapidly. Asia Pacific region accounts for the largest share of 54.3% in the year 2021. The Asia-Pacific market is divided into China, India, Japan, Australia, South Korea, and the rest of Asia. Asia- Pacific’s growth is being driven by an increase in demand for electric vehicles and a rise in government restrictions. The China government has made a mandate to have a few percentages of Electric Vehicle sales for the automotive manufacturers in their overall sales. Later China has set a target of sales of Electric Vehicles to be 40% of their overall sales. This has made the manufacturers to increasingly invest in electric vehicles to avoid penalties. Global manufacturers such as BMW, Volkswagen, and Tesla are establishing their manufacturing sites in Asia-Pacific region as they are finding more profitable opportunities. The increased interest of automotive industry in this region is driving the power device analyzer market in this region.


The major players dominating the power device analyzer market are Keysight Technologies (US), Yokogawa (Japan), Hioki E E Corporation (Japan) and Fluke Corporation (US). These players are adopting various strategies such as new product launches to increase their share globally in the market.


About MarketsandMarkets™


MarketsandMarkets™ is a blue ocean alternative in growth consulting and program manage   ment, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.


The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.


Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.


To find out more, visit www.MarketsandMarkets.com or follow us on Twitter, LinkedIn and Facebook.


Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA : 1-888-600-6441

[email protected]



collect
0
avatar
MarketsandMarkets™
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more